Bloomsbury chief executive Nigel Newton says the industry is seeing a revolution Publisher Bloomsbury says its sales of e-books has soared as the worldwide popularity of electronic readers rises.Its comments came as it reported pre-tax profits for the 14 months to 28 February of ?4.2m.
E-book sales were ?1.5m, up from ?79,000 last year, with chief executive Nigel Newton saying they were changing the face of the publishing industry.
"Demand for digital delivery, including e-books, is increasing significantly," Mr Newton said.
"It will change the publishing business model, creating one worldwide market," he added. "The publishing world is handling its own revolution."
Bloomsbury reported profits for a 14-month period as it is changing its financial year. In the 12 months to 31 December 2009 months profits were ?7.1m.
Total group sales were ?103.4m for the 14 months to February, compared with ?87.2m during 2009.
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